Concerns, From Spain to Korea, Drive Safe-Haven Gold Higher

By

Allen Sykora

Updated May 25, 2010 12:01 a.m. ET

Gold futures ended a four-day losing streak Monday as investors, amid renewed worries about euro-zone financial problems, used last week's price retreat as an opportunity to return to the metal. Tensions on the Korean peninsula prompted further buying of gold as a refuge.

Gold for June delivery, the most-active contract, rose $17.90, or 1.5%, to $1,194.00 an ounce on the Comex division of the New York Mercantile Exchange. Thinly...